The 2018 Toyota Supra currently in the works is the fifth generation model of the iconic sports car. The first 21st century Toyota Supra is a joint project between Toyota and BMW, with the latter benefitting from the collaboration with the Japanese automaker's input in the next-gen BMW Z4/BMW Z5. Toyota previewed this future model by the Toyota FT-1 concept at the 2014 North American International Auto Show.

The next-gen Toyota Supra will sit on the same platform as the next-gen BMW Z4/BMW Z5. Engineered by BMW, the new platform has components from the current BMW 3 Series as well as its high-performance derivatives, including the BMW M3 and BMW M4. It will support rear-wheel drive and four-wheel drive drivetrain layouts. Toyota 86 chief engineer Tetsuya Tada is overseeing the car's development.

The 2018 Toyota Supra is said to sport powertrains developed in-house. The base model would get a 2.0-litre turbocharged engine in two different tunes: around 242 bhp and nearly 300 bhp. Those will for even better performance will a range-topping option for a 3.5-litre twin-turbo V6 engine that will deliver more than 400 bhp. A hybrid variant is also planned – it is expected to consist of a 3.5-litre V6 engine and an electric motor, with power being sent to the wheels via an 8-speed automatic transmission. The hybrid model should offer more than 350 bhp on tap.

The next-gen Toyota Supra will roll-out of Magna Steyr's plant in Graz, Austria beginning in 2018. Manufacturing of the next-gen BMW Z4/BMW Z5 will take place at the same facility.